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SPDR Bloomberg Investment Grade Floating Rate ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays Investment Grade Floating Rate ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the Barclays U.S. Dollar Floating Rate Note < 5 Years Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Nov 30, 2011 |
| Assets (mns) | $2,328 |
| Currency | USD |
| Expense ratio | 15 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 293 |
| No of distinct issuers | 152 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 100% /0% |
| Non-standard maturity (callable, etc.) | 34% |
| 0.0% 1/20/22 | 0.9 % |
| 0.0% 6/01/21 | 0.7 % |
| 0.0% 12/15/21 | 0.6 % |
| 0.0% 2/10/21 | 0.6 % |
| 0.0% 6/08/20 | 0.6 % |
| 0.0% 8/09/19 | 0.6 % |
| 0.0% 1/24/23 | 0.6 % |
| 0.0% 2/11/22 | 0.5 % |
| 0.0% 2/23/23 | 0.5 % |
| 0.0% 3/17/20 | 0.5 % |
| TOTAL | 6.1 % |
|---|
| GOLDMAN SACHS GROUP, INC. | 3.3% |
| JPMORGAN CHASE & CO. | 2.6% |
| BANK OF NOVA SCOTIA | 2.5% |
| ROYAL BANK OF CANADA | 2.4% |
| BANK OF AMERICA CORPORATION | 2.0% |
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UNITED STATES | 41.1 % |
 |
CANADA | 10.2 % |
 |
UNITED KINGDOM | 4.9 % |
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AUSTRALIA | 3.7 % |
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JAPAN | 2.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 1.8% | 8.3% | 2.8% | 2.1% | 2.0% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.04 | 4% |
| S&P500 | 0.02 | 7% |
| MSCI EAFE | 0.03 | 12% |
| MSCI Emg. Mkts. | 0.02 | 7% |
| Recent close | $30.81 |
| 30d moving avg. | $30.62 |
| Annualized volatility | 1.5% |
| Short interest (ETF) | 0.1% |
| Relative strength (RSI) | 59 |
| Avg. volume (thou.) | 589 |
| Avg. daily value traded (mns) | $18 |
| Turnover | 0.8% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLRN | 2.5 yrs | Category Avg.* |
4.6 yrs |
| FLRN | 2.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 4.44% | -7.5% | $28.50 |
| +200 bp | 3.44% | -5.0% | $29.28 |
| +150 bp | 2.94% | -3.7% | $29.66 |
| +100 bp | 2.44% | -2.5% | $30.05 |
| +75 bp | 2.19% | -1.9% | $30.24 |
| +50 bp | 1.94% | -1.2% | $30.43 |
| +25 bp | 1.69% | -0.6% | $30.62 |
| 0 bp | 1.44% | 0% | $30.81 |
| -25 bp | 1.19% | 0.6% | $31.00 |
| -50 bp | 0.94% | 1.2% | $31.19 |
| -75 bp | 0.69% | 1.8% | $31.38 |
| -100 bp | 0.44% | 2.4% | $31.56 |
| -150 bp | -0.06% | 3.7% | $31.94 |
| -200 bp | -0.56% | 4.9% | $32.31 |
| -300 bp | -1.56% | 7.3% | $33.05 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
144 | bp |
| Less: Annual "default factor" |
3 | bp |
| Less: Expense ratio | 15 | bp |
| Equals: ALTAR Score | 1.26 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The SPDR Bloomberg Investment Grade Floating Rate ETF is classified as a Corporate fund. | |